The US Dollar Falls as Other Majors Gain

30 בספט׳ 2022

The US dollar has fallen precipitously as other major currencies have taken their turn to rally. We rejected highs at 114.54, and have subsequently retraced through the entire vacuum zone back to support just above our level at 111.37. We are currently seeing a bit of a pivot here, and have regained the 112's. It is likely that after such dramatic moves, we will range here for a bit as the DXY established value and finds footing.